Webus International Limited (NASDAQ:WETO) Short Interest Up 832.8% in July

Webus International Limited (NASDAQ:WETO) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 582,939 shares, an increase of 832.8% from the July 15th total of 62,496 shares. Currently, 54.0% of the company’s stock are short sold. Based on an average daily volume of 140,675,280 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Webus International Trading Down 6.0%

NASDAQ:WETO traded down $0.24 on Thursday, hitting $3.82. 12,708 shares of the company’s stock were exchanged, compared to its average volume of 132,091. The firm has a 50-day moving average price of $60.77 and a 200-day moving average price of $58.82. Webus International has a 52 week low of $2.70 and a 52 week high of $251.00.

Webus International Company Profile

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.